If you live in Hawaii currently I would choose Las Vegas. Not because it’s necessarily Better but because it’s bigger and you’ll have more options for property managers, service people, and such. Also makes your flights to Las Vegas possibly tax deductible. If you live in Saint George I’d have no problem with you choosing it instead because of boots on the ground knowledge h]that might give you an edge and less competition.
If you live in Hawaii currently I would choose Las Vegas. Not because it’s necessarily Better but because it’s bigger and you’ll have more options for property managers, service people, and such. Also makes your flights to Las Vegas possibly tax deductible. If you live in Saint George I’d have no problem with you choosing it instead because of boots on the ground knowledge h]that might give you an edge and less competition.
I can’t speak much to Vegas, but I know the Saint George market is growing and developing pretty rapidly. If I’m not mistaken, it might even be the fastest growing region in Utah. My parents bought a condo there three years ago and it’s already appreciated almost $200k.
I like both areas, family nearby. Looking for investment where we can have for tenants and also to visit family. St George has a university and LV has everything. Just want to know what market shows the most promising results for an investment.
I have 12 SFR here in Vegas and they perform great. BUT, I've owned them for between 5 and 10 years. Prices are almost as high now as they were 10 years ago so returns are lower but I would guess you get higher appreciation. I know you'll get lower income taxes because Nevada is zero. Nevada also has very low property taxes although I don't know how high or low utah's Property taxes are. I'm also going to guess flights in to Vegas ar cheaper as flights form Vegas to Hawaii are insanely cheap with allegiant
If you are in town some time I’d be happy to show you you real life examples of what I have as opposed to WAGs at rent and expenses.
County and municipal employees in the St George area were very good to work with. As Cason said, things are booming in St George. I've seen some SFRs increase 30% in 2 years. My observation is that cost to purchase is outpacing rents.